DGAP-News: Coastal Energy Company

DGAP-News: Coastal Energy Announces Insider Transaction

Coastal Energy Company

31.01.2012 22:46 ---------------------------------------------------------------------------

HOUSTON, 2012-01-31 22:46 CET (GLOBE NEWSWIRE) -- Coastal Energy Company (the 'Company' or 'Coastal') (TSX:CEN) (AIM:CEO), an independent exploration and production company with assets in Thailand, announces that it was notified today of the following transactions in the common shares.

-------------------------------------------------------------------------------- Shareholder Title Transact Shares Price Shares % of ion Owned Total Date Following Outstand Transaction ing -------------------------------------------------------------------------------- Option Exercise -------------------------------------------------------------------------------- Stephen M. VP, 01/27/20 68,550 C$1.35 - 78,550 0.07% Holder Administrati 12 C$3.94 on --------------------------------------------------------------------------------

After accounting for the transactions listed above, Directors & Officers own a total of 3,818,538 Common Shares of the Company, or 3.34% of outstanding shares based on total shares issued and outstanding of 114,169,105.

The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062

Additional information, including the Company's complete competent person's report may be found on the Company's website at www.CoastalEnergy.com or may be found in documents filed on SEDAR at www.sedar.com.

This statement contains 'forward-looking statements' as defined by the applicable securities legislation. Statements relating to current and future drilling results, existence and recoverability of potential hydrocarbon reserves, production amounts or revenues, forward capital expenditures, operation costs, oil and gas price forecasts and similar matters are based on current data and information and should be viewed as forward-looking statements. Such statements are not guarantees of future results and are subject to risks and uncertainties beyond Coastal Energy's control. Actual results may differ substantially from the forward-looking statements.

CONTACT: Coastal Energy Company Email: investor@CoastalEnergy.com +1 (713) 877-6793 Strand Hanson Limited (Nominated Adviser) Rory Murphy Paul Cocker +44 (0) 20 7409 3494 Macquarie Capital (Europe) Limited (Broker) Paul Connolly Jeffrey Auld +44 (0) 20 3037 2000 FirstEnergy Capital LLP (Broker) Hugh Sanderson Travis Inlow +44 (0) 20 7448 0200 Buchanan Communications Tim Thompson Ben Romney +44 (0) 20 7466 5000 News Source: Nasdaq OMX



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--------------------------------------------------------------------------- Language: English Company: Coastal Energy Company Cayman Islands Phone: Fax: E-mail: Internet: ISIN: KYG224041189 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------